Inspirada

After it was recently revealed that Downtown Summerlin is set to put one of the most ambitious master-planned projects in the entire Las Vegas Valley to the test of commercial real estate this fall, a number of long-dragged master-planned communities across the Las Vegas area are also closer to becoming reality after successfully exiting the uncertainty created by the fallout of the market crash.

The Henderson City Council has thrown Inspirada Builders LLC a lifeline in the form of a new project to develop a total of 30 acres of parks, at its southwest Henderson housing project. The massive housing development has been struggling for a while now, and the developer recently had an important modification approved by local authorities. According to The Las Vegas Review-Journal, the development is currently attempting a bounce-back from bankruptcy, and the recently approved amendment to the plan will help improve the state of the 1,600-acre housing project.

Westport Capital Partners selected CBRE to oversee the leasing of 60 Park in Sugar House, Utah. The property, scheduled for completion in the summer of 2019, is part of the ongoing Park Avenue mixed-use development project.